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IRA Annual 4-Part Series: From A-Z Webinar


IRAs Part 1 – The Basics
August 30, 2022, 10:00 am CDT
IRAs will never make sense unless you start at the beginning. The first session of this 4-Part series is designed to help you understand for the essential terms, forms and IRA product differences.

What You’ll Learn

  • IRA Terminology and IRS Reporting Forms
  • Explanation of IRA Forms to Establish an IRA plan and make additional contributions
  • Qualifications, 2022 Contribution Limits, Income Phase-out limits, Age Limits and other new regulations for a:
  • Traditional IRA
  • Roth IRA

Conversion Roth IRA

IRAs Part 2 – How to Move Money Correctly Between Retirement Plans
September 9, 2022, 10:00 am CDT
The terms “rollovers” and “transfers” are the most misused and abused words in the whole IRA dictionary. They are very often used interchangeably when explaining how to move retirement plan funds. You might think “What’s the big deal if I say ‘rollover’ or ‘transfer’? It’s not the words that come out of your mouth that are the problem. It’s how it’s coded in the system and reported to the IRS that becomes a huge problem.

What You’ll Learn

  • Difference between an IRA Rollover and a QP Rollover
  • 60-day rule and once-per-12-month rule
  • Difference between and IRA rollover and an IRA transfer from IRA to IRA
  • Difference between a ‘Recharacterization’ and a ‘Roth Conversion’
  • Rules governing rollovers and transfers after the owner reaches age 72

How nonspouse beneficiaries move money between retirement plans

IRAs Part 3 – Distributions to Owners and Beneficiaries
September 15, 2022, 10:00 am CDT
One of the most complicated areas of IRAs is the distribution of funds to IRA owners and beneficiaries – especially when it seems like the IRS changes the rules every week. Right now there are proposed regulations pending and several bills in Congress that will effect IRAs. This timely update is a necessity to keep your customers on the right track to avoid IRS penalties.

What You’ll Learn

  • New federal income tax withholding rules
  • When an IRA owner postpones their first RMD
  • When beneficiaries have optional distributions and/or must take an RMD
  • Different types of beneficiaries for payout options
  • Which age used to calculate Single Life payments to a beneficiary
  • Who is required to take the deceased owner’s RMD and report to the IRS
  • 9 red flags of beneficiary payouts

IRAs Part 4 – How to Audit IRA Files
October 20, 2022, 10:00 am CDT
What do your IRA files contain? Too much paperwork? Not enough paperwork? With the change-over of IRA personnel, both good and bad habits of the previous employees may turn into a legal nightmare.

What You’ll Learn

  • Proper documentation to open, close, move, and maintain an IRA
  • Record retention of closed IRA files
  • How to review IRA procedures and documentation flow
  • Checking the IRA transactions for proper coding and reporting
  • Reports generated by your system to review IRS reporting before it is submitted
  • How to correct mistakes found in the IRA Audit
  • 25 of the most common mistakes found during an IRA audit

Who Should Attend
Anyone who works with IRAs in any capacity will benefit from this webinar series.